We’re excited to announce the launch of the first security airdrop. We have partnered with Althea Mesh, a company that wants you to become your own Internet Service Provider (ISP). Althea will drop tokens to people who learn about mesh networks and apply to start their own independent local ISP. At Republic, we know that community is the most precious asset. Having a compliant airdrop is a groundbreaking tool for engaging your community and bootstrapping a network.
Airdrops, or the giving away of tokens for “free,” are incredible ways of incentivize beneficial actions. During the 2017 ICO boom, airdrops came to be associated with scams and pump and dump schemes, and generally operated outside of regulations provided by the U.S. Securities laws. Republic now offers a solution for you to widely distribute tokens or equity to anyone using the compliance framework of Regulation Crowdfunding.
The regulatory landscape may be murky to some, but at Republic, we are confident that using a securities law framework is the best way to engage with innovative technologies. You can airdrop anything — from a digital token, to a SAFE, or even a share in a company. You can give these securities away to those who provide any sort of value, be it marketing, signing up or testing your product, or simply rewarding loyal fans and believers.
Althea is an exciting project to partner with for this new product. Althea supports the creation of new networks built by and for communities, powered by routers which pay each other for bandwidth. This allows individuals to generate an additional revenue stream, as either an organizer or relayer, by setting up a decentralized ISP in their communities. Much like a franchisor, Althea makes creating a network simple for people by supplying onboarding tools and comprehensive marketing prior to building out the network.